Online bike rental platform BimBimBikes this week got 250.000 euro in funding from several anonymous members of the 'old boys' investors club BrownCow.
Called a 'Booking.com for bikes', BimBimBikes from Rotterdam brings together bike rental sites from all over the world. Users can reserve a bike in advance, which is convenient when going on a holiday.
Right now the startup is active in 66 countries. The investment lets founders Michel Willems and Harm Wolterink expand internationally even more. The startup was founded in 2015 and within a year it managed to land over 1300 physical bike rent shops in over 1000 cities. BimBimBikes gets 15 percent per transaction.
BrownCow is seen as an 'old boys' investors network, as among others, former CEOs from multinationals are in this club. Last year this gathering of seasoned business people launched a fund called The Herd. The investment is done through this entity. The fund usually invests between 200.000 euro and 1 million euro.
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